Recovery Still Expected, But H113 Still A Sluggish Time Since our last quarterly report, we have become a little gloomier about Poland’s immediate economic outlook. The main reason for this is that private consumption is still in the doldrums, weighed down by high unemployment. We now estimate GDP growth in 2012 at 2.0%, and have cut our forecast for 2013 to 1.9% (down from 2.3%) and similarly trimmed the growth projection for 2014 to 3.0% (down from 3.7%). It is evident from these numbers that a recovery is on the way, but it is slower and more drawn-out affair than …
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